BermudaFirst applauds job makers’ incentives
The think tank, BermudaFirst, has commended Premier Paula Cox’s over the Incentives for Job Makers Act, saying it should be clear to everyone now that it’s no longer “a business as usual” environment.“Our message to all stakeholders has been consistent and clear,” A BermudaFirst statement said. “We must embrace international business as the key contributor to Bermuda’s economy.“We must review and more importantly, action changes to our policies relating to work permits, residency, landholding, tourism and foreign investment in light of the current climate and realities we are facing.”The statement continued: “Our Government has some tough decisions ahead and Bermuda’s business, third sector and community at large must be bold enough to galvanise around the urgent decisions required to do what is best for Bermuda’s long-term regrowth, stability and prosperity.“The Incentives for Job Makers Act is an example of taking action on an area where change is required. It is one of the many necessary and positive steps that will send the message that Bermuda is not only open for business, but truly welcomes those individuals and organisations who are committed to creating jobs and enhancing the economic stability of our Country.“Premier Cox showed the courage to raise this matter for public debate and Parliamentary vote. Feedback was provided and integrated into the final legislation. There is more work to be done and the momentum of positive change must continue. Doing so will result in a stronger, more stable Bermuda for Bermudians. “BermudaFirst is a collective of business, other sector and Government leaders who came together in 2008 as a think tank.It said it’s aim was to “track the landscape of threats and opportunities in order that we might collectively respond, protect and extend Bermuda’s economic miracle”.It’s led by co-chairs: Premier Cox, Opposition leader Craig Cannonier, ILS chairman Don Kramer, Ernst & Young partner Gil Tucker and Peter Durhager, executive vice president of RenaissanceRe Holdings.